Elon Musk becomes first at $ 300 billion, worth more than Ford, GM and Volkswagen combined
Musk’s value comes mainly from his shares in Tesla but also from SpaceX, the rocket company he founded.
Musk championed sustainable energy with Tesla
Elon Musk became the first human to be worth more than $ 300 billion. His fortune jumped by over $ 10 billion in a day after Tesla became the first automaker to be valued at over $ 1 trillion. In doing so, the CEO and co-founder of Tesla alone is now worth more than Ford, GM and Volkswagen. Elon Musk is now worth $ 302 billion while GM has a market cap of $ 78.74 billion, Ford has a market cap of only $ 68.23 billion, and Volkswagen has a market cap of $ 140.87 billion. Musk’s individual worth is even higher than that of the Daimler Group and the BMW Group – both are worth $ 107.01 billion and $ 66.16 billion.
The peak in Musk’s value came after Tesla surpassed the trillion after Hertz ordered 100,000 vehicles from the electric car maker. Musk is followed by Amazon founder and chairman Jeff Bezos, who is worth $ 199 billion, although he became the first man to cross the $ 200 billion mark.
Tesla only became the fifth U.S. company to have a valuation of over $ 1 trillion, joining Amazon, Apple, Microsoft and Alphabet, Google’s parent company. While this has happened, Microsoft has usurped Apple as the most valuable company on the planet after the iPhone maker reported lower than expected fourth quarter revenue due to issues caused by the global semiconductor shortage.
The value of musk is also now greater than the annual GDP of countries like Egypt, Portugal, the Czech Republic, Greece, Qatar and Finland. His value is also greater than PayPal, the company he helped found with legendary investor Peter Thiel in the late ’90s.
Musk’s value comes mainly from his shares in Tesla but also from SpaceX which is the rocket company he founded before becoming an investor for Tesla. More recently, the Tesla mogul revealed that he is planning to open a university in Texas for which he has also secured funding.
For the latest automotive news and reviews, follow carandbike.com on Twitter, Facebook and subscribe to our YouTube channel.